732,389 Shares in iShares U.S. Healthcare ETF (NYSEARCA:IYH) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in iShares U.S. Healthcare ETF (NYSEARCA:IYH) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 732,389 shares of the company’s stock, valued at approximately $42,676,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in iShares U.S. Healthcare ETF in the third quarter valued at approximately $264,000. JPMorgan Chase & Co. boosted its holdings in shares of iShares U.S. Healthcare ETF by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 203,978 shares of the company’s stock worth $13,259,000 after acquiring an additional 1,854 shares during the period. Weaver Consulting Group grew its holdings in iShares U.S. Healthcare ETF by 43.3% in the 4th quarter. Weaver Consulting Group now owns 8,110 shares of the company’s stock valued at $473,000 after buying an additional 2,450 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in iShares U.S. Healthcare ETF by 2.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 124,850 shares of the company’s stock worth $7,275,000 after buying an additional 2,674 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of iShares U.S. Healthcare ETF by 19.1% in the fourth quarter. Brookstone Capital Management now owns 5,439 shares of the company’s stock valued at $317,000 after acquiring an additional 872 shares during the period.

iShares U.S. Healthcare ETF Stock Performance

NYSEARCA:IYH opened at $57.22 on Wednesday. The firm’s 50-day simple moving average is $60.39 and its 200 day simple moving average is $61.05. iShares U.S. Healthcare ETF has a 52 week low of $53.83 and a 52 week high of $66.59. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of 27.42 and a beta of 0.72.

About iShares U.S. Healthcare ETF

iShares U.S. Healthcare ETF (the Fund), formerly iShares Dow Jones U.S. Healthcare Sector Index Fund (the Fund) is a non-diversified exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Health Care Index (the Index).